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Functional Inefficiency: The Unexpected Benefits of Wasting Time and Money

Peter S. Wenz




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 | #2267356 in eBooks |  2015-06-09 |  2015-06-09 | File type: PDF

|| |“In this tour de force, Peter S. Wenz upends the cherished assumption of policymakers that promoting economic efficiency is always the best policy. What’s good for economic efficiency, though, is not always good for people—as Wenz shows

How can we reduce unemployment? As this insightful and counterintuitive book shows, the surprising answer is inefficiency. Some of the most labor-intensive sectors of the economy, the author notes, are also the most inefficient. But this inefficiency is functional—rather than impairing the economy, it bolsters employment and fosters economic growth.

Technological progress increases efficiency and reduces the need for workers in manufacturing, mini...

You easily download any file type for your device.Functional Inefficiency: The Unexpected Benefits of Wasting Time and Money   |  Peter S. Wenz. A good, fresh read, highly recommended.

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